But, entrepreneurs have been thriving, and creating jobs, in America for more than a century, long before our federal government even acknowledged that entrepreneurs had a significant impact on job creation. Entrepreneurs have no government safety net and don’t want one.
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I have written blogs on why I don’t invest in seed/startup stage deals using convertible debt instruments.
See: Angels: Convertible Debt Is Seldom the Right Security for Startup Investments and When is Convertible Debt the Right Instrument for Angel Investments?I was recently asked to quantify under what terms and conditions I might be willing to do a convertible debt deal. Wouldn’t you think that one of the jobs of the President of the US is to encourage those whose companies create most of the jobs in our country? He assumes correctly that most successful entrepreneurs have had an outstanding mentor or teacher that had a big impact on their lives. Then, he assumes that the government deserves a share of success – for building roads, operating a post office and defending our freedom.Frankly, the answer is simple: As you can read in the two blogs above, I am not interested in funding deals with convertible debt with conversion caps above million or triggered solely at a discount to a subsequent round with no cap, because the pricing neither recognizes nor rewards the considerable risk involved in the first money into a deal. But…so did every successful big company manager, labor union leader and politician. Good jobs for governments – establishing a climate in which entrepreneurs (and all other citizens) can succeed…and fail.Hello and a very big welcome to our Free Porn website!We have spent 6 years now building our free porn site, and we hope to deliver you the most function, the greatest free porn videos, and to of course let you download these porn videos, or just watch them online.We do not require any signing up, no email address, no card details!